Overview
Wholesale Trade

HATSUHO SHOUJI CO.,LTD.

Hatsuho Shoji is a specialized building materials distributor operating across three segments: Interior Building Materials, Exterior, and Living Environment Related. The company sells lightweight steel framing, gypsum board, and interior construction materials to interior finishing contractors, while its subsidiary Aishin Co., Ltd. distributes carports, storage units, fences, and stone products to house builders and exterior contractors. The Living Environment segment supplies colored steel sheets, solar roofing, ALC fittings, architectural hardware, welded wire mesh, and wire to roofing, exterior sheet metal contractors, wholesalers, and manufacturers.

Market Cap
¥7.31B
US$46.6M
EV
¥1.98B
US$12.6M
Stock¥1,106▲+0.55%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
1.6
x
LTM EV/EBIT
0.7
x
LTM PER
8.7
x
LTM PBR
0.7
x
2026-08-25 closing price basis: ranked #43 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-28B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-14.7%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 23, 26Market-wide: Stock market decline (TOPIX-3.4%)
MC → EV Bridge
7.31BUS$46.6MMarket Cap0.65BUS$4.16M+ Debt7.00BUS$44.6M− Cash0.20BUS$1.29M− Inv. Sec.1.22BUS$7.74M+ NCI1.98BUS$12.6MEV
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Performance & Balance
Revenue 5Y (¥B)
29.9US$190M'21/1231.8US$202M'22/1234.4US$219M'23/1234.8US$222M'24/1235.4US$226M'25/12
EBITDA 5Y (¥B)
0.86US$5.49M'21/121.38US$8.81M'22/121.52US$9.68M'23/121.40US$8.90M'24/121.32US$8.42M'25/12
Net Income 5Y (¥B)
0.50US$3.19M'21/120.85US$5.44M'22/120.98US$6.21M'23/120.97US$6.20M'24/120.83US$5.29M'25/12
Capital Structure
94%
EquityD/E 0.06xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
5.51US$35.1M1.39US$8.86M'21/126.01US$38.2M1.00US$6.36M'22/126.57US$41.9M1.71US$10.9M'23/126.34US$40.4M1.27US$8.10M'24/127.80US$49.7M0.86US$5.47M'25/12
Shareholders
Top 10 hold 60.2%
1
Shirayuri Shoji Co., Ltd.
16.59%
2
Satoru SAITO
10.87%
3
Hatsuho Kyoei-kai
7.20%
4
Yosuke SAITO
5.34%
5
Kirii Seisakusho Co., Ltd.
5.26%
6
Yutaka SAITO
3.73%
7
Sekikane Steel Co., Ltd.
3.62%
8
Nobuko SAITO
2.94%
9
HATSUHO SHOUJI CO.,LTD. Employee Stock Ownership Association
2.66%
10
Shuji SHINKAI
2.00%
Management
10 officers
Satoru SAITO
Representative Director, President
Sep 1980 Joined the Company Sep 1986 Appointed Director, Manager of Shizuoka Sales Office Mar 1988 Appointed Managing Director, Manager of Shizuoka Sales Office Apr 1988 Appointed Managing Director, Manager of Meiko Sales Office Oct 1993 Appointed Managing Director, General Manager of Administration Division Mar 2001 Appointed Representative Director, President (current) Dec 2019 Appointed Representative Director, Chairman, Aisin Corporation Dec 2020 Appointed Director (part-time), Aisin Corporation (current)
1953-05-07
Yoshiyuki SHIKI
Director, Executive Vice President; General Manager of Sales Division; West Japan Regional Head
Mar 1982 Joined the Company Aug 1992 Manager, Fukuyama Sales Office Mar 2001 Appointed Executive Officer, West Japan Regional Head and Manager, Fukuyama Sales Office Mar 2005 Appointed Director, West Japan Regional Head and Manager, Fukuyama Sales Office Mar 2007 Appointed Director, General Manager of Sales Division, West Japan Regional Head and Manager, Fukuyama Sales Office Mar 2011 Appointed Managing Director, General Manager of Sales Division, West Japan Regional Head and Manager, Fukuyama Sales Office Jun 2017 Appointed Corporate Auditor (part-time), Aisin Corporation Dec 2019 Appointed Director (part-time), Aisin Corporation (current) Mar 2020 Appointed Senior Managing Director, General Manager of Sales Division and West Japan Regional Head Mar 2024 Appointed Director, Executive Vice President, General Manager of Sales Division and West Japan Regional Head (current)
1959-02-06
Tatsuya TSUKIHIGASHI
Director; General Manager of Residential Environment Business; Manager of Komaki Sales Office
Sep 1984 Joined the Company Jul 1993 Manager, Toyohashi Sales Office Apr 2008 Manager, Komaki Sales Office Mar 2011 Appointed Executive Officer, Head of Atsuta and Kita Sales Offices, Manager of Komaki Sales Office Mar 2017 Appointed Director, Central Region Steel Secondary Products Head, Manager of Komaki Sales Office Apr 2023 Appointed Director, General Manager of Residential Environment Business, Manager of Komaki Sales Office (current)
1963-09-17
Nobuyuki SHIBUKAWA
Director; East Japan Regional Head
Apr 2009 Joined the Company May 2010 Manager, Kita-Kanto Sales Office Apr 2017 Appointed Executive Officer, in charge of East Japan Region and Manager, Kita-Kanto Sales Office Jun 2017 Appointed Executive Officer, East Japan Regional Head and Manager, Kita-Kanto Sales Office Jul 2020 Appointed Executive Officer, East Japan Regional Head Mar 2021 Appointed Director, East Japan Regional Head Apr 2021 Appointed Director, East Japan Regional Head and Manager, Chiba Sales Office Jul 2023 Appointed Director, East Japan Regional Head (current)
1967-06-13
Tetsuto NARITA
Director; General Manager of Management Planning Office
Apr 2010 Joined the Company Apr 2016 General Manager, Management Planning Office Apr 2020 Appointed Executive Officer, General Manager of Accounting Department and Management Planning Office Mar 2023 Appointed Director, General Manager of Management Planning Office (current)
1979-10-31
Yosuke SAITO
Director; Deputy General Manager of Sales Division; Central and Kinki Regional Head, Interior Building Materials Business
Jul 2015 Joined the Company Aug 2021 Deputy General Manager, Sales Division Apr 2023 Appointed Executive Officer, Deputy General Manager of Sales Division, Central and Kinki Regional Head, Interior Building Materials Business Mar 2026 Appointed Director, Deputy General Manager of Sales Division, Central and Kinki Regional Head, Interior Building Materials Business (current)
1986-11-06
Yutaka SAITO
Director (Full-time Audit and Supervisory Committee Member)
Dec 1993 Joined the Company Jul 2001 General Manager, Internal Audit Office Mar 2008 Appointed Corporate Auditor Mar 2011 Appointed Director, General Manager of General Affairs Department Mar 2022 Appointed Director (Full-time Audit and Supervisory Committee Member) (current)
1963-05-14
Miho MORI
Director (Audit and Supervisory Committee Member)
Apr 1996 Registered as attorney-at-law, Nagoya Bar Association (now Aichi Bar Association) Apr 1996 Joined Nasu Kunihiro Law Office Sep 2002 Established Mori Miho Law Office (now Mori Law Office) (current) Jun 2021 Appointed Outside Director, Protocorporation Co., Ltd. Mar 2022 Appointed Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2024 Appointed Outside Director (Audit and Supervisory Committee Member), Nagoya Bank, Ltd. (current)
1963-09-30
Nobuko OHASHI
Director (Audit and Supervisory Committee Member)
Oct 1998 Joined Chuo Audit Corporation Apr 2002 Registered as Certified Public Accountant Sep 2008 Joined Arata Audit Corporation (now PricewaterhouseCoopers Japan LLC) Aug 2019 Established Nobuko Ohashi CPA Office (current) Mar 2023 Appointed Director of the Company Mar 2024 Appointed Director (Audit and Supervisory Committee Member) (current)
1972-11-17
Yudai FURUTA
Director (Audit and Supervisory Committee Member)
Feb 2016 Joined Deloitte Touche Tohmatsu LLC Aug 2018 Registered as Certified Public Accountant Jul 2021 Established Yudai Furuta CPA Office (current) Jul 2021 Joined Tokai Accounting Firm Jul 2025 Appointed Representative Partner, Tokai Accounting Firm (current) Mar 2026 Appointed Director (Audit and Supervisory Committee Member) of the Company (current)
1983-09-28
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-10
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-07
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-12
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-26
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-11
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-12
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-12
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-29
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-30
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-29
Annual Securities Report
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